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Dec 9, 2013 8:00am EST
the world. the problem is, while it may be a competitive problem, the united states public policy established that u.s. companies are simply not going to be allowed to engage in corruption and bribery in foreign countries. it is not whether or not it is a competitive disadvantage. it is whether it is illegal. it is clear that it is illegal. we will find out. >> to your point, how is this any different than banks here hiring former treasury officials? >> tim geithner did not go to work for pincus because they liked the haircut he has. he has connections. >> look at peter at citigroup. >> wall street is a revolving door. people go there. it is not necessarily corrupt, but it is the same thing. >> certain people are hired to get certain deals. we showed some of the biggest cases in the last year. the big french oil company with operations in the u.s. had to pay money because they were accused by the ftc of having a set of fake contracting bids. to get access to oil fields in the middle east. those were very direct quid pro quo's. the challenge is to look at those places and documents
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